Paulus - Traffic lights

Hi

Had a few messages to post this system came from Expatts scalping system i just tried to make it more mechanical for my self..its what we do here we take a system and adapt it to our own perfered way of trading.

I should say from the off I cannot put in loads of time answering questions so after my initial post i will give all the information I can which will hopefuly answer most questions.Im not looking for this thread to get 5 gold medals or run in thousands of posts..all i want is to show that you can scalp in a mechanical way.

Traffic lights because thats how my mind thinks when im trading red I stop green i go simple as that.

The signals 2 types

Normal and safe, safe happen less frequent but have a higher strike rate
I use a 10 pip stop 10 pip tp I stop for the day when I have 20 clear pips
thats $1k per week per contract.The longer i stay in the market the greater my risk.If my 1st 2 trades win I stop and go to sim if I want to.

Ok trades for the asian sessian so far as with most of my screen shots I will show when the 20 has been hit ..

Please be patient I will give inds templates and rules later today if time permits,those that know of me will know I had to leave the boards for personal reasons its only recently Iv come back but time is still very very lmt.

The 1st 2 signals are deemed 'safe ' signals the 2nd 2 are deemed ' normal' signals

Thanks Paulus, Expatts scalping system is profitable

Paulus,

Hope all is well with your family, glad to see you back, and looking forward to your thread.


Sentinel

Hi Paulus,

thanks.......

Hello Paulus,

Looking forward to your method.

Thanks

Waiting...waiting...waiting...

Thank you for your new thread, and waiting for your system.

Best regards

thanks , well done

Looking forward to the method and template.

Cheers.

i am so curious. traded ex system a bit, but need something a little more mechanical...

He already discussed the rules of this, in the otherthread. Here is a PDF of the posts.

At the bottom of each post in the PDF is the link where it came from.

Edit, I removed my attachements, because I see in his first post he want to post it when he is ready.

Will check it out.

where are you Paulus ? we are waiting for your system http://www.forexfactory.com/images/icons/icon7.gif

thank you

Looking forward to the system!

Paulus pretty well laid it out in his posts in the 'Scalping the E/U Reborn' thread.

Paulus isn't teasing us by not posting more info on THIS thread, but his priorities I believe right now have changed as he is diverting his attention to handling some time consuming personal issues.

I don't believe there are any 'new' unrevealed secrets to his strategy, but I, along with everyone else, await any new developments to his 'Traffic Light Strategy' should that be the case. Bear in mind I love what he has developed and yes, I am trading it successfully live.

So for those of you who can't wait to check it out until Paulus returns, I am taking the liberty of showing the posts where he explains his system. Hopefully this will also help Paulus out when he comes back, as he won't have to go back to 'ground zero' to explain the strategy as you will all be familiar with his system up to the point where he started this thread.

http://www.forexfactory.com/showthre...94#post2122194
http://www.forexfactory.com/showthre...88#post2135488
http://www.forexfactory.com/showthre...88#post2135488
http://www.forexfactory.com/showthre...00#post2159400

Ok, so as I understand it:

Take the 15 min CCI chart.

If CCI is greater than 0 look for long trades.
If CCI is less than 0 look for short trades.

On the 5 min chart:

If the 15 min CCI is up, and the 5 min CCI changes from below 0 to above 0, place a long.

If the 15 min CCI is down, and the 5 min CCI changes from above 0 to below 0, place a short.

What I don't see are exits. Are they just simple TPs?

It appears he uses a flat 10 TP and 10 SL.

Go back through that thread and look at his charts. That's all he shows- +10 or -10

It will be interesting to see if this traffic lights system is consistent... more winners then losers... I have more faith in a discretionary system as I believe market conditions change all the time, but with a RED/GREEN... black and white system, a computer can trade this and since there is no room for discretion, then that's the perfect system for an EA... or beginners... or anyone else that prefers a mechanical approach. The reasons most EAs don't work is because there are too many variables in the market... Too many ifs... the formation of a single particular bar will bias traders to reverse positions quickly, or enter new positions, and the market has changed, and indicators, which lag, are always trying to catch up. Thats my only doubt about "Traffic Lights" but then again, if you're right, more often then wrong, then the odds are in your favor... lets see

Ok, here is the traffic light!

Too fast and furious Buddie